News

Hilco Global’s intellectual property services group, an advisor in intangible asset valuation, advisory and monetization, has been retained to manage the sale of the intellectual property and related assets of PicoBrew, a company in automated craft beverage appliances for consumer...

Ares Management (NYSE: ARES) announced that Ares Credit funds (collectively Ares) closed U.S. direct lending commitments of approximately $6.3 billion across 55 transactions during the third quarter and approximately $43.4 billion across 314 transactions in the 12 months ended Sept....

An established West Texas energy services company had valuable industrial real estate, but its existing bank structure was limiting flexibility and additional working capital was needed. Flatbay Capital structured $2.5 million in CRE-secured financing to refinance the existing bank facility...

TriState Capital Bank introduced a national treasury management offering tailored to the needs of private credit and asset-based lending (ABL) lenders, as well as specialty finance companies. The solution addresses a common challenge in asset-based finance: delays in funding borrowers...

Assembled Brands, a specialty asset-based lender to emerging consumer products companies, closed a new multi-million-dollar revolving credit facility for GoPure, a Los Angeles-based skin and body care brand. The facility includes the brand’s Amazon and TikTok Shop inventory in the...

Cricut, Inc. entered into a credit agreement Oct. 22 with the other loan parties, the lenders party to the agreement and BMO Bank as administrative agent. The agreement replaces Cricut's prior credit agreement, dated Aug. 4, 2022, under which JPMorgan...

eCapital, an AI-powered fintech company building the next generation of specialty finance, provided a $12 million healthcare receivables facility to an established community hospital in the United States. The financing strengthens the organization’s liquidity position, supporting ongoing operations and the...

Verisma, a health information lifecycle management (HILM) company, closed new senior-secured financing provided by Golub Capital. The financing, which includes a delayed draw term loan facility, is designed to support Verisma's strategic growth initiatives, including continued investment in its technology...

Great American (GA Group), a provider of financial advisory, valuation, asset disposition, investment banking and lending services and majority-owned by funds managed by Oaktree Capital Management, promoted Ryan Mulcunry to national sales manager. In this role, Mulcunry will lead GA...

Lantern Asset Management and Fortress Investment Group announced the closing of a financing facility supporting the continued growth of Bluejack, the Texas-based private club and residential resort organization co-founded by Andy and Kristin Mitchell, with golf courses designed by Tiger...